Infrastructure development and finance company, Infrastructure Leasing & Financial Services (IL&FS), one of India's leading infrastructure development and finance companies has opened an office in London to tap the European finance market. The company aims to source new channels of financing for its clients and for the group's global and domestic initiatives.
IL&FS Financial Services Limited (IFIN), the investment banking arm of the IL&FS Group already has offices in Singapore and Dubai. The financial services business of the group includes investment banking, investment management, trusteeship services, transportation solutions, custodial and depository services. The private equity arm has about $2 billion of assets under management.
Stake holders of IL&FS include Life Insurance Corp of India, ORIX Corp of Japan, Housing Development Finance (HDFC), Abu Dhabi Investment Authority, Central Bank of India and State Bank of India.
Currently IL&FS has project worth $40 billion on public private partnership formats. The company has projects in various sectors, such as transportation, power, maritime, water projects, urban infrastructure, environment, education and community development.